FX_IDC:NZDJPY NEW ZEALAND DOLLAR / YEN
Friday saw the pair challenge T-Line Resistance and 78.6% Fib of smaller degree swing and got HEAVILY rejected thus forming a Key outside bar reversal on the . This is a ominous sign. Aggressive traders have every justification to initiate short positions with a great R/R ratio. More conservative traders can wait for a successful break below 88.73 to enter the short side but the R/R ratio is less favorable.